Trump Media Group Officially Launches Truth API, Paid Clients Can Access Trump Posts Faster

BlockBeats News, August 2: Trump Media Group has officially launched the paid data service Truth API, providing clients with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs up to $100,000 per month and is primarily targeted at trading firms and enterprises. Trump Media's interim CEO Kevin McGurn stated that the Truth API aims to offer institutions a "direct, licensed, real-time data stream of the most market-impactful Truth posts." Trump's @realDonaldTrump account currently has 13 million followers, and some of his significant policy decisions are first announced on Truth Social. Prior to the service's launch, U.S. Democratic Senators Adam Schiff and Elizabeth Warren had written to the U.S. Securities and Exchange Commission, urging an investigation into whether Trump Media violated any laws. The two senators claimed that the service might constitute leveraging the presidency for personal gain and could harm ordinary investors and market integrity. Trump Media stated that posts on Truth Social already have the potential to influence markets, and the Truth API will drive the company's monetization of its proprietary data assets through a high-margin, recurring revenue model. [Original Link]